EUR/USD - 1.3757.. ST specs were caught long as y'day's brief rally to 1.3840 in NY rec'd no follow through buying in Asian morning at all. Asian names were spotted selling eur/usd & eur crosses actively, possibly in an attempt to offload their longs which have been accumulated for some time. Greece's budget deficit bail-out plan by EU, Germany alone or IMF has not convinced the market that a successful solution will be made. Civil servants in Greece are holding a National public sector strike today to protest against Greek govt. austerity plan to cut public spending. Euro bears are awaiting opportunity to avenge y'day's painful short-squeezed rally to 1.3840. Offers at 1.3780-00 n bids at 1.3740-20 area.
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